Munoz-sponsored real estate bill passes House

A bill revising state regulations for real estate activity passed the House of Representatives this morning (Friday).

House Bill 267 – sponsored by Juneau Republican Cathy Munoz – allows realtors to donate a portion of their commission to charity, or waive it altogether if they’re handling a transaction for a non-profit. The bill also clarifies that licensed assistants are only allowed to work at one brokerage to avoid the sharing of proprietary information. Finally, it lets the Alaska Real Estate Commission designate a licensee to close down a brokerage for medical or legal reasons if an authorized broker is not available to perform the task.

Munoz says the bill was requested by the Alaska Association of Realtors.

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